Solved

Suppose the Domestic Supply (QS) and Demand (QD) for Skateboards QS=60+3PQD=3902P\begin{array} { l } Q ^ { S } = - 60 + 3 P \\Q ^ { D } = 390 - 2 P\end{array}

Question 19

Multiple Choice

Suppose the domestic supply (QS) and demand (QD) for skateboards in the United States are given by the following set of equations: QS=60+3PQD=3902P\begin{array} { l } Q ^ { S } = - 60 + 3 P \\Q ^ { D } = 390 - 2 P\end{array} In the absence of international trade in skateboards, what will be the equilibrium price of skateboards in the United States?


A) $66
B) $90
C) $45
D) $150

Correct Answer:

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